Inspire Brands

Inspire Brands, Inc.
Private
Predecessors Arby's Restaurant Group and Buffalo Wild Wings, Inc.
Founded February 5, 2018 (2018-02-05) in Atlanta, Georgia, United States
Founders Paul Brown and Neal Aronson
Headquarters Atlanta, Georgia, United States
Areas served
 United States
Canada
Kuwait[1]
Qatar
Turkey
United Arab Emirates
Key people
 Paul Brown (Co-Founder/CEO)
Neal Aronson
(Co-Founder/MP at Roark)
David Pipes (CFO)
Nils H. Okeson
(General Council/CAO)
Owners Roark Capital Group (<87%)
Subsidiaries Arby’s
Buffalo Wild Wings
Rusty Taco
Sonic Drive-In
Website inspirebrands.com

Inspire Brands, Inc., formerly Arby's Restaurant Group, Inc., is the owner of the Arby's restaurant chain, Buffalo Wild Wings, and Rusty Taco. The company is based in Atlanta with a support center in Minneapolis.[2] Inspire Brands is partially owned by Roark Capital Group.[3]

Arby's Restaurant Group, Inc. (ARG) was renamed Inspire Brands, Inc. as the company took ownership of Buffalo Wild Wings on February 5, 2018. Buffalo Wild Wings also owned the R Taco chain (Now Rusty Taco).[4][5] Arby's CEO Paul Brown was selected to continue as Inspire Brand CEO.[4] Brown expected that Inspire would acquire additional chains in different segments. He plans to structure the company similar to Hilton Hotels & Resorts.[2]

On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to Inspire Brands for $450 million, which includes a 38% premium over its stake most recent valuation.[6][7][8]

On September 25, 2018, Inspire Brands announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion.[9] The firm expects that the acquisition should be completed by the end of the year.

References

  1. ↑ "Arby's FAQ". Arby's.
  2. 1 2 Klein, Danny (February 5, 2018). "Arby's CEO: We're Not Done Buying Brands After BWW". QSR magazine. Retrieved February 7, 2018.
  3. ↑ Maze, Jonathan (November 16, 2015). "Arby's sale keeps paying off for Wendy's". Nation's Restaurant News.
  4. 1 2 Thorn, Bret (February 5, 2018). "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts". Nation's Restaurant News. Retrieved February 7, 2018.
  5. ↑ "Arby's closes deal for Buffalo Wild Wings, makes new company". Star Tribune. Associated Press. February 5, 2018. Retrieved February 7, 2018.
  6. ↑ "Wendy's sells stake in Arby's owner for $450 million". CNBC. 16 August 2018. Retrieved 16 August 2018.
  7. ↑ Klein, Danny (August 2018). "Wendy's Sells Inspire Brands Stake for $450 Million". QSR Magazine.
  8. ↑ "The Wendy's Company Sells Ownership Interest in Inspire Brands for $450 Million". PR Newswire (Press release). August 16, 2018.
  9. ↑ Thorn, Bret (25 September 2018). "Inspire Brands to buy Sonic Corp. for $2.3B". Nation's Restaurant News. Retrieved 25 September 2018.
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